Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
Australia Medium Grain Rice #1 $ N/A    Egypt 101 #2 $760    Egypt 178 #2 Rice $730    EU Prices Baldo €660    EU Prices LG-A Ariete 5% €550    EU Prices MG Lotto 5% €500    EU Prices RG Balilla 5% €500    Russia Rapan $ 700    USA Jupiter Paddy $375    USA Calrose #1 Paddy $480    USA Jupiter Rice $630    USA Calrose #1 $830   

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Commodity prices set to rise as Ramadan approaches
Daily Times
Traders expect food commodity prices to increase in the coming weeks because of higher demand in Rajab, Shaban and Ramzan, which begins in October, but the prices of farm products are expected to decline amid availability of fresh crops.

The prices of food items like pulses, ghee, spices, vegetables and sugar, remained largely stable during August, but poultry prices declined due to surplus supply. Those of wheat, flour and farm produce remained on the higher side, because of a shortfall “artificially created by the big shots” in the market. A survey of prices of different items at the wholesale commodity and vegetable markets revealed that low demand allowed the prices to remain stable in August, but shortage of wheat and flour resurfaced in the retail markets for a brief period in the middle of the month.

The prices of a 100kg sack of wheat, which was around Rs 1,190 to Rs 1,230 in the beginning of August, was being sold at Rs 1,190 to Rs 1,210 at the end of the month. The price of an 80kg bag of flour remained around Rs 1,060, with minor fluctuations due to news reports that the Punjab government will lift the ban on the movement of wheat.

Traders at the wholesale markets have criticised the authorities for failing to control the current shortfall of wheat and flour.

“The prices have stopped at a higher level,” said Anis Majeed, chairman of the Karachi Wholesale Grocers Association. “The wheat shortfall has been artificially created by the big shots to increase prices.”

He said the total wheat production in the country is around 19 million tons and the approximate consumption is around 20 million tons. We can meet this shortfall with proper planning at the farm level.

“We had excess wheat crop in the years 1997 to 1999, which proves that country has the potential for better production,” he added. Sugar prices remained stable during the month and a 40kg sack of refined sugar was between Rs 772 and Rs 788 at wholesale.

Pulses: Shortage and higher rates in the international markets increased the prices of some pulses at the wholesale and retail markets during the month, but the limited consumer demand contained the price hike.

The price of a 100kg sack of imported “maash” increased from Rs 1,700 at the start of the month to around Rs 2,000 per sack. But thjere was a small surge in the prices of other pulses. The prices of imported “masoor” (lentil) remained between Rs 2,100 and 2,950, gram pulse (dal channa) remained around Rs 30 per kg.

Traders said market rates for imported maash, masoor and grams would be slightly higher in the coming months because the average prices of pulses at the international market have increased from $250 per ton to $325. They said most of the pulses are imported from Myammar (Burma) and Thailand, with Pakistan being self-sufficient in the production of “moong” for the last four years. Apart from minor fluctuations, no significant change was observed in the prices of cooking oil, vanaspati ghee and spices in July. “The prices of pulses, spices and dry fruits will increase in the coming months due to higher consumer demand in winter,” said Jaffer Kudia, chairman of the Pakistan Kiryana Merchants Association.

With reports of good rice crops and sufficient stocks, there is a downward trend in the prices of rice.

Super Kenel is being sold at Rs 28 to Rs 29 per kg at the wholesale markets, down two rupees from the start of August, while Basmati Sindh declined from Rs 18 to Rs 16 per kg and Irri-6 from Rs 13 per kg to Rs 12.50 per kg at the end of July.

Fruit and Vegetable market: After dominating the fruit markets, the mango season declined in the end in August, to be replaced mainly by apple and grapes, but activity remained stable at the fruit and vegetable markets. The prices of all vegetables remained at the higher side, due to limited yield from the ebbing summer crops.

“The prices of all vegetables will decrease by the middle of September due to the arrival of fresh crops,” said Mateen Siddique, an importer and exporter of fruits and vegetable.

Poultry prices stable: Poultry prices declined around Rs 8 during the month. The retail price of broiler chickens at the end of August was Rs 54 per kg against Rs 62 per kg in the beginning of the month. Farmers have attributed the decline to oversupply and low demand. “The production was satisfactory due to the cool weather which is supportive to chicken flocks,” said an official of the Poultry Association of Pakistan. He said the breakeven price of broiler chickens is Rs 60 per kg. staff report
MGR Archive 5.9.2004
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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